Ritesh Agarwal, founder of Oyo Hotels and Homes, will spend US$700 million to buy new shares in the India lodging start-up as part of a previously reported US$2 billion plan to triple his ownership stake. Photo: Bloomberg

Ritesh Agarwal, founder of Oyo Hotels and Homes, will spend US$700 million to buy new shares in the India lodging start-up as part of a previously reported US$2 billion plan to triple his ownership stake. Photo: Bloomberg